The special tax could overwhelm stores, with $ 160 billion to be paid this year
The extra-profit tax became an additional tax, as the retail tax for all shopkeepers jumps above HUF 500 million. According to our conservative estimate, the nearly 80 billion retail taxes in 2021 will be doubled in 2022 with the additional tax, writes an article in the Blokkk.hu professional portal. They could collect 190 billion from the sector in 2023. The government published its decree on special taxes and tax increases in the Hungarian Gazette on Saturday evening.
Related news
This is how the EU would curb Temu
The European Commission has proposed a new handling fee of…
Read more >German cities are considering a tax on single-use packaging
A growing number of German cities are considering introducing a…
Read more >The summer extra tax changes have been published
In the 74th issue of the Magyar Közlöny published on…
Read more >Related news
Fitch: Global economy recovering as tariff war eases – China and US may drive growth
Fitch Ratings expects stronger-than-expected economic performance in 2025: according to…
Read more >Melon import volume drops by 51 percent
Compared to last year, the volume of melon imports has…
Read more >The Consumer Protection Authority also checks watermelons during the summer period
Experts from the National Trade and Consumer Protection Authority (NKFH)…
Read more >